Freedom Investment Management Inc. Lowers Stock Position in Walmart Inc. (NYSE:WMT)

Freedom Investment Management Inc. decreased its stake in Walmart Inc. (NYSE:WMT) by 3.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 23,523 shares of the retailer’s stock after selling 928 shares during the period. Freedom Investment Management Inc.’s holdings in Walmart were worth $1,900,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. WFA Asset Management Corp lifted its stake in Walmart by 201.0% in the first quarter. WFA Asset Management Corp now owns 2,092 shares of the retailer’s stock worth $126,000 after purchasing an additional 1,397 shares during the last quarter. Dupont Capital Management Corp lifted its stake in shares of Walmart by 165.4% in the 1st quarter. Dupont Capital Management Corp now owns 270,147 shares of the retailer’s stock valued at $16,255,000 after acquiring an additional 168,346 shares during the last quarter. EntryPoint Capital LLC purchased a new stake in Walmart during the 1st quarter valued at about $25,000. Koesten Hirschmann & Crabtree INC. grew its position in Walmart by 200.0% during the 1st quarter. Koesten Hirschmann & Crabtree INC. now owns 1,449 shares of the retailer’s stock worth $87,000 after acquiring an additional 966 shares during the last quarter. Finally, First City Capital Management Inc. increased its stake in Walmart by 187.6% in the 1st quarter. First City Capital Management Inc. now owns 7,359 shares of the retailer’s stock worth $443,000 after purchasing an additional 4,800 shares during the period. 26.76% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. DZ Bank lowered Walmart from a “buy” rating to a “hold” rating and set a $91.00 price objective for the company. in a research note on Thursday, November 21st. Roth Mkm raised their price target on shares of Walmart from $81.00 to $97.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Truist Financial boosted their price objective on shares of Walmart from $89.00 to $98.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. The Goldman Sachs Group increased their target price on shares of Walmart from $73.00 to $81.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Finally, UBS Group boosted their price target on Walmart from $92.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Two investment analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Walmart currently has an average rating of “Moderate Buy” and an average price target of $91.88.

Walmart Trading Up 0.6 %

Shares of WMT stock opened at $91.87 on Thursday. The company has a current ratio of 0.85, a quick ratio of 0.23 and a debt-to-equity ratio of 0.56. Walmart Inc. has a 12-month low of $49.85 and a 12-month high of $92.25. The stock has a market capitalization of $738.47 billion, a P/E ratio of 37.65, a P/E/G ratio of 4.33 and a beta of 0.51. The firm’s 50 day moving average is $82.81 and its 200 day moving average is $74.48.

Walmart (NYSE:WMT) last issued its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, topping the consensus estimate of $0.53 by $0.05. The company had revenue of $169.59 billion during the quarter, compared to analyst estimates of $167.69 billion. Walmart had a return on equity of 21.78% and a net margin of 2.92%. Walmart’s revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.51 earnings per share. Research analysts expect that Walmart Inc. will post 2.47 earnings per share for the current year.

Insider Activity at Walmart

In related news, EVP John D. Rainey sold 3,000 shares of the company’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $77.48, for a total value of $232,440.00. Following the completion of the transaction, the executive vice president now owns 384,165 shares of the company’s stock, valued at approximately $29,765,104.20. This represents a 0.77 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder Alice L. Walton sold 2,709,163 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $77.37, for a total value of $209,607,941.31. Following the completion of the transaction, the insider now directly owns 630,501,148 shares of the company’s stock, valued at approximately $48,781,873,820.76. This trade represents a 0.43 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 12,337,337 shares of company stock worth $958,823,647. 45.58% of the stock is owned by company insiders.

About Walmart

Walmart Inc engages in the operation of retail, wholesale, other units, and eCommerce worldwide. The company operates through three segments: Walmart U.S., Walmart International, and Sam's Club. It operates supercenters, supermarkets, hypermarkets, warehouse clubs, cash and carry stores, and discount stores under Walmart and Walmart Neighborhood Market brands; membership-only warehouse clubs; ecommerce websites, such as walmart.com.mx, walmart.ca, flipkart.com, PhonePe and other sites; and mobile commerce applications.